When the price drops to a limit, it will inevitably lead to some rebound, but this does not mean that the bull market is coming. The most obvious sign of the arrival of the bull market is the active purchase order, but now obviously there are no more purchase orders.
I think the decline in demand is due to concerns about the actions of hackers and scammers who harm the owners of cryptocurrency digital assets, so investors are afraid and sell their coins immediately at cheap prices.